Final Results for the Year Ended 31 March 2008

Lombard Risk Management plc
30th September 2008

Lombard Risk Management plc (AIM: LRM), a leading risk management, valuation and regulatory reporting software company, has today announced its results for the year to 31 March 2008. Commenting on the results, John Wisbey, Chairman and Chief Executive said "This year continued the trend of substantial revenue growth, the result of new contract wins in all parts of the Group”.

The Annual Report will be posted to shareholders before 9 a.m. on Friday, 3 October 2008.

Highlights:

Year of major progression including:

• Continuing trend of substantial year on year revenue growth, due to new contract wins in all parts of the Group
• Maturing of the Shanghai operation to give greater value to the business
• Profitable sale of the loss making Independent Valuation subsidiary ("IVRS"
• Results for the 2008 financial year show considerable improvement on previous year
• Loss for the year £0.67m, including a profit of £0.29m on the sale of IVRS (2007: Loss £2.04m)
• Turnover up 26.7% to £8.46m (2007: £6.68m)
• Operational breakeven and overall profit achieved in the second half of the financial year
• "Must have" nature of some of our products means continued revenue growth forecast, particularly in second half of the 2009 financial year, despite the economic downturn and the fact that most clients are in the banking sector
• Cost base expected to be steady owing to continued transfer of capacity to Shanghai

The full results are available here: LRM Annual Report 2008.

Enquiries:

Lombard Risk Management plc:
John Wisbey,  Chairman and CEO
T: +44 (0)20 7384 5000
E: 

Noble & Company Ltd (Nominated Advisors)
Matthew Hall, Director
T: +44 (0)20 7763 2200

Click here to email Lombard Risk's Investor Relations team